Reported 27 days ago
Hub Group Inc. reported a 3.7% decline in third-quarter revenue year-over-year, totaling $987 million, as ongoing weakness in the freight market affected performance. Despite this, the company experienced a 12% increase in intermodal volumes and positive growth in Mexico. Hub Group's adjusted earnings per share rose to 52 cents, surpassing analyst expectations, while the company revised its full-year revenue outlook. CEO Phil Yeager noted signs of recovery in the broader transportation market, with hopes for improvement in demand and operational capacity.
Source: YAHOO